Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} Friday is NFP Day. TGIF The US NFP data will drive the primary move tomorrow in the intraday chart. PREVIEW: November US Nonfarm Payrolls Expected to Rise by 200,000; Unemployment Rate Seen Steady at 3.7%{image} Most of these estimate are pretty much all high. I would have figured , it would be more have been in that 175k range. If the number fall below 175K, chance another round of spike up for GU on NFP. Any comment and view welcome. Troll will be executed on the spot.

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Quoting Pat Chiko

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DXY on NFP {image} Technically it has definitely topped, same as US yields... unless a severe global recession hits. After at an extensive drop and hitting support, probability is a bounce, things just don't go straight down and considering the FED will still raise rates in 2 weeks. May be we can see another pump. Have a good NFP, and thanks for today is Friday......

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Quoting trade866

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{quote} Fed officials are chiefly concerned about wage growth and the effect it is having on price pressures, given it is running far in excess of what is needed for inflation to fall back to the Fed’s 2 per cent target. Average hourly earnings in November are expected to have increased another 0.3 per cent, a slightly lower monthly pace than the previous period but amounting to a 4.6 per cent annual jump. Many sectors remain hobbled by worker shortages, pushing up wages as companies try to attract new hires. In November,...

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Quoting Pat Chiko

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{quote} Increased by 0.3%,but, Inflation is wiping out wage gains. Real average hourly earnings fell in November on both a month-to-month and year-to-year basis. Here's where economist and financial wizards start to manipulate the numbers Here's the number visually. Source : Bureau of Labour Stats{image} Overall average hourly earnings have now fallen below their pre-pandemic trend after adjusting for inflation. That is why FED and Economist wouldn't want to use median earnings ,instead used of average. Inequality is so high it is destroying the...

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Quoting suhas316

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Short Crude Oil {image}

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Quoting trumps

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I think 2150 area is a set up for a 300-350 odd pip move north USD approaching support {image} {image} {image}

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Quoting Robinhood1

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{quote} Usdcad This could be 2nd support out of 3 plus the failure sending price between 1st & 2nd support and thus begining a nice run up. Waiting for 3rd support now {image}

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Quoting suhas316

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Short Crude Oil {image}

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Quoting Pat Chiko

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{quote} And to make things worse, The US treasury printed 40% of all the USD every printed in the last year and they’re still printing money. Inflation was a given and created for the people.

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Quoting Pat Chiko

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{quote} Friday is NFP Day. TGIF The US NFP data will drive the primary move tomorrow in the intraday chart. PREVIEW: November US Nonfarm Payrolls Expected to Rise by 200,000; Unemployment Rate Seen Steady at 3.7%{image} Most of these estimate are pretty much all high. I would have figured , it would be more have been in that 175k range. If the number fall below 175K, chance another round of spike up for GU on NFP. Any comment and view welcome. Troll will be executed on the spot.

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